Recently, two major trends have emerged in the world of cryptocurrency. Firstly, Bitcoin (BTC) remains highly volatile, with daily price fluctuations of up to $5,000. Secondly, meme coins have shown potential for outperforming other cryptocurrencies, as evidenced by 5 out of 7 top weekly gainers in the crypto market being meme coins at the start of March.
While meme coins have since dropped in rankings, they are still contenders for providing impressive bull runs in the future. One such coin gaining attention is Dogecoin (DOGE), known for its internet-joke-based, dog-themed concept and favored by billionaire Elon Musk.
Adding to the excitement surrounding DOGE, crypto expert Ali Martinez predicts that the coin could potentially surge to $1 by mid-April, based on its past performance. This would represent a 488.24% increase from its current price of $0.1677. A chart of DOGE’s previous price spikes supports this prediction.
If DOGE does reach $1 in April, it would not only set a new all-time high but also surpass the market cap of $140 billion, making it the third-largest cryptocurrency in the world. This would push it ahead of popular coins like Tether (USDT), XRP (XRP), Binance Coin (BNB), and Solana (SOL).
While it remains to be seen if DOGE will reach this level, the meme coin has already seen significant growth in 2021, with an 85.29% increase year-to-date. In the last 7 days alone, DOGE has surged 38.94%, and in the last 24 hours, it has seen a 10.04% increase.
It’s important to note that investing in cryptocurrency is speculative and carries risk. This information should not be considered investment advice. Your capital is at risk when investing.
